Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2018

In 2018, Nova Financial & Investment Corporation of Tucson, AZ reported 19,535 mortgage applications totaling $4.4 billion, down 4% from 2017. The average application was for $224,656, and applicants reported an average income of $89,270. 59% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Tucson, AZ (5,709), Phoenix-Mesa-Scottsdale, AZ (4,555) and Denver-Aurora-Lakewood, CO (2,436) (applications in parentheses).

Mortgage Company & Address Nova Financial & Investment Corporation
6245 E. Broadway Blvd., Suite 400
Tucson, AZ 85711
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 19,535
Total Mortgage Loan Application Amount $4,388,665,000
Average Mortgage Loan Application Amount $224,656
Highest Mortgage Loan Application Amount $10,005,000
Average Applicant Income $89,270
Highest Applicant Income $4,620,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Nova Financial & Investment Corporation by County in 2018

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 5,709 $ 1,074,685,000 $ 188,244 $ 85,000
Maricopa, Arizona 3,882 $ 927,110,000 $ 238,822 $ 90,000
Yuma, Arizona 1,071 $ 170,815,000 $ 159,491 $ 65,000
Clark, Nevada 851 $ 206,365,000 $ 242,497 $ 86,000
Pinal, Arizona 673 $ 121,715,000 $ 180,854 $ 71,000
Arapahoe, Colorado 610 $ 184,830,000 $ 303,000 $ 108,000
Cochise, Arizona 568 $ 88,610,000 $ 156,003 $ 73,000
Jefferson, Colorado 529 $ 169,735,000 $ 320,860 $ 112,000
Denver, Colorado 437 $ 144,165,000 $ 329,897 $ 126,000
El Paso, Colorado 413 $ 118,895,000 $ 287,881 $ 110,000
Douglas, Colorado 382 $ 142,790,000 $ 373,795 $ 133,000
Adams, Colorado 378 $ 104,920,000 $ 277,566 $ 88,000
Mohave, Arizona 164 $ 24,980,000 $ 152,317 $ 75,000
Weld, Colorado 108 $ 32,040,000 $ 296,666 $ 109,000
San Diego, California 100 $ 44,110,000 $ 441,100 $ 145,000
Yavapai, Arizona 93 $ 22,475,000 $ 241,666 $ 91,000
Coconino, Arizona 69 $ 19,915,000 $ 288,623 $ 157,000
Boulder, Colorado 69 $ 25,005,000 $ 362,391 $ 132,000
Navajo, Arizona 60 $ 9,480,000 $ 158,000 $ 98,000
Santa Cruz, Arizona 55 $ 9,955,000 $ 181,000 $ 80,000
Graham, Arizona 52 $ 8,980,000 $ 172,692 $ 66,000
Larimer, Colorado 51 $ 15,395,000 $ 301,862 $ 128,000
La Paz, Arizona 41 $ 5,795,000 $ 141,341 $ 63,000
Broomfield, Colorado 39 $ 12,345,000 $ 316,538 $ 126,000
Gila, Arizona 38 $ 6,800,000 $ 178,947 $ 112,000
Elbert, Colorado 28 $ 9,900,000 $ 353,571 $ 117,000
Riverside, California 19 $ 6,655,000 $ 350,263 $ 119,000
Park, Colorado 18 $ 6,060,000 $ 336,666 $ 120,000
Tarrant, Texas 17 $ 3,015,000 $ 177,352 $ 92,000
Los Angeles, California 16 $ 7,030,000 $ 439,375 $ 138,000
Dallas, Texas 16 $ 3,020,000 $ 188,750 $ 61,000
Grand, Colorado 14 $ 4,780,000 $ 341,428 $ 240,000
Summit, Colorado 13 $ 5,705,000 $ 438,846 $ 327,000
Teller, Colorado 12 $ 3,900,000 $ 325,000 $ 115,000
Orange, California 9 $ 3,755,000 $ 417,222 $ 142,000
Nye, Nevada 9 $ 1,635,000 $ 181,666 $ 54,000
Bexar, Texas 9 $ 1,845,000 $ 205,000 $ 92,000
Apache, Arizona 8 $ 1,930,000 $ 241,250 $ 110,000
Clear Creek, Colorado 8 $ 2,780,000 $ 347,500 $ 122,000
Eagle, Colorado 8 $ 3,230,000 $ 403,750 $ 241,000
Pueblo, Colorado 8 $ 1,200,000 $ 150,000 $ 72,000
Harris, Texas 8 $ 2,360,000 $ 295,000 $ 131,000
Gilpin, Colorado 7 $ 2,385,000 $ 340,714 $ 91,000
Mesa, Colorado 7 $ 1,565,000 $ 223,571 $ 80,000
Denton, Texas 7 $ 2,345,000 $ 335,000 $ 127,000
Johnson, Texas 7 $ 1,155,000 $ 165,000 $ 54,000
Archuleta, Colorado 6 $ 1,450,000 $ 241,666 $ 93,000
Washoe, Nevada 6 $ 970,000 $ 161,666 $ 177,000
Pierce, Washington 6 $ 2,510,000 $ 418,333 $ 141,000
Sacramento, California 5 $ 1,565,000 $ 313,000 $ 98,000
San Bernardino, California 5 $ 1,235,000 $ 247,000 $ 87,000
Routt, Colorado 5 $ 1,745,000 $ 349,000 $ 162,000
Dona Ana, New Mexico 5 $ 1,005,000 $ 201,000 $ 159,000
Collin, Texas 5 $ 10,975,000 $ 2,195,000 $ 83,000
McLennan, Texas 5 $ 895,000 $ 179,000 $ 57,000
Chaffee, Colorado 4 $ 1,210,000 $ 302,500 $ 226,000
Phillips, Colorado 4 $ 670,000 $ 167,500 $ 64,000
Duval, Florida 4 $ 860,000 $ 215,000 $ 92,000
Hill, Texas 4 $ 570,000 $ 142,500 $ 86,000
Kaufman, Texas 4 $ 860,000 $ 215,000 $ 70,000
Greenlee, Arizona 3 $ 315,000 $ 105,000 $ 70,000
Monterey, California 3 $ 535,000 $ 178,333 $ 109,000
Fremont, Colorado 3 $ 605,000 $ 201,666 $ 31,000
Moffat, Colorado 3 $ 475,000 $ 158,333 $ 91,000
Morgan, Colorado 3 $ 645,000 $ 215,000 $ 71,000
Ouray, Colorado 3 $ 825,000 $ 275,000 $ 72,000
Citrus, Florida 3 $ 735,000 $ 245,000 $ 98,000
Pinellas, Florida 3 $ 425,000 $ 141,666 $ 118,000
Santa Rosa, Florida 3 $ 775,000 $ 258,333 $ 125,000
Bernalillo, New Mexico 3 $ 475,000 $ 158,333 $ 160,000
Midland, Texas 3 $ 905,000 $ 301,666 $ 103,000
Salt Lake, Utah 3 $ 685,000 $ 228,333 $ 65,000
Benton, Washington 3 $ 725,000 $ 241,666 $ 102,000
Fairbanks North Star, Alaska 2 $ 440,000 $ 220,000 $ 327,000
Alameda, California 2 $ 530,000 $ 265,000 $ 94,000
Fresno, California 2 $ 320,000 $ 160,000 $ 131,000
Humboldt, California 2 $ 510,000 $ 255,000 $ 78,000
Imperial, California 2 $ 240,000 $ 120,000 $ 38,000
Kern, California 2 $ 230,000 $ 115,000 $ 69,000
Marin, California 2 $ 1,490,000 $ 745,000 $ 184,000
San Luis Obispo, California 2 $ 940,000 $ 470,000 $ 461,000
Santa Barbara, California 2 $ 780,000 $ 390,000 $ 103,000
Sonoma, California 2 $ 530,000 $ 265,000 $ 72,000
Yolo, California 2 $ 720,000 $ 360,000 $ 85,000
Delta, Colorado 2 $ 250,000 $ 125,000 $ 35,000
Huerfano, Colorado 2 $ 370,000 $ 185,000 $ 81,000
Hernando, Florida 2 $ 340,000 $ 170,000 $ 30,000
Indian River, Florida 2 $ 650,000 $ 325,000 $ 179,000
Palm Beach, Florida 2 $ 450,000 $ 225,000 $ 88,000
Pasco, Florida 2 $ 700,000 $ 350,000 $ 142,000
Sandoval, New Mexico 2 $ 530,000 $ 265,000 $ 123,000
Taos, New Mexico 2 $ 560,000 $ 280,000 $ 75,000
Douglas, Oregon 2 $ 330,000 $ 165,000 $ 84,000
El Paso, Texas 2 $ 280,000 $ 140,000 $ 87,000
Hood, Texas 2 $ 250,000 $ 125,000 $ 47,000
Hunt, Texas 2 $ 290,000 $ 145,000 $ 60,000
Rockwall, Texas 2 $ 640,000 $ 320,000 $ 71,000
Travis, Texas 2 $ 360,000 $ 180,000 $ 117,000
Williamson, Texas 2 $ 750,000 $ 375,000 $ 152,000
Wasatch, Utah 2 $ 750,000 $ 375,000 $ 112,000
Weber, Utah 2 $ 560,000 $ 280,000 $ 148,000
King, Washington 2 $ 1,150,000 $ 575,000 $ 135,000
El Dorado, California 1 $ 255,000 $ 255,000 $ 54,000
Kings, California 1 $ 255,000 $ 255,000 $ 83,000
Nevada, California 1 $ 455,000 $ 455,000 $ 106,000
San Mateo, California 1 $ 1,505,000 $ 1,505,000 $ 334,000
Santa Cruz, California 1 $ 685,000 $ 685,000 $ 186,000
Shasta, California 1 $ 255,000 $ 255,000 $ 75,000
Solano, California 1 $ 125,000 $ 125,000 $ 32,000
Stanislaus, California 1 $ 165,000 $ 165,000 $ 46,000
Costilla, Colorado 1 $ 105,000 $ 105,000 $ 145,000
Custer, Colorado 1 $ 125,000 $ 125,000 $ 150,000
Gunnison, Colorado 1 $ 295,000 $ 295,000 $ 68,000
Kit Carson, Colorado 1 $ 165,000 $ 165,000 $ 80,000
Lincoln, Colorado 1 $ 145,000 $ 145,000 $ 82,000
Logan, Colorado 1 $ 225,000 $ 225,000 $ 86,000
Montrose, Colorado 1 $ 75,000 $ 75,000 $ 67,000
Pitkin, Colorado 1 $ 245,000 $ 245,000 $ 50,000
Prowers, Colorado 1 $ 185,000 $ 185,000 $ 93,000
Rio Grande, Colorado 1 $ 125,000 $ 125,000 $ 226,000
Saguache, Colorado 1 $ 205,000 $ 205,000 $ 155,000
Yuma, Colorado 1 $ 45,000 $ 45,000 $ 25,000
Brevard, Florida 1 $ 105,000 $ 105,000 $ 95,000
Collier, Florida 1 $ 365,000 $ 365,000 $ 88,000
Flagler, Florida 1 $ 295,000 $ 295,000 $ 143,000
Miami-Dade, Florida 1 $ 225,000 $ 225,000 $ 214,000
Nassau, Florida 1 $ 245,000 $ 245,000 $ 42,000
Osceola, Florida 1 $ 95,000 $ 95,000 $ 66,000
Polk, Florida 1 $ 175,000 $ 175,000 $ 65,000
Sarasota, Florida 1 $ 255,000 $ 255,000 $ 109,000
St. Johns, Florida 1 $ 395,000 $ 395,000 $ 79,000
Peoria, Illinois 1 $ 45,000 $ 45,000 $ 88,000
Whiteside, Illinois 1 $ 165,000 $ 165,000 $ 93,000
Williamson, Illinois 1 $ 115,000 $ 115,000 $ 30,000
Franklin, Kentucky 1 $ 65,000 $ 65,000 $ 25,000
Jefferson, Kentucky 1 $ 95,000 $ 95,000 $ 41,000
Humboldt, Nevada 1 $ 275,000 $ 275,000 $ 250,000
Catron, New Mexico 1 $ 85,000 $ 85,000 $ 54,000
Cibola, New Mexico 1 $ 165,000 $ 165,000 $ 130,000
Curry, New Mexico 1 $ 145,000 $ 145,000 $ 90,000
Eddy, New Mexico 1 $ 175,000 $ 175,000 $ 51,000
Grant, New Mexico 1 $ 95,000 $ 95,000 $ 110,000
Luna, New Mexico 1 $ 95,000 $ 95,000 $ 75,000
McKinley, New Mexico 1 $ 165,000 $ 165,000 $ 40,000
Benton, Oregon 1 $ 195,000 $ 195,000 $ 23,000
Clackamas, Oregon 1 $ 505,000 $ 505,000 $ 185,000
Jackson, Oregon 1 $ 355,000 $ 355,000 $ 525,000
Josephine, Oregon 1 $ 295,000 $ 295,000 $ 75,000
Lane, Oregon 1 $ 135,000 $ 135,000 $ 68,000
Linn, Oregon 1 $ 225,000 $ 225,000 $ 71,000
Umatilla, Oregon 1 $ 295,000 $ 295,000 $ 80,000
Washington, Oregon 1 $ 405,000 $ 405,000 $ 241,000
Yamhill, Oregon 1 $ 145,000 $ 145,000 $ 53,000
Bell, Texas 1 $ 465,000 $ 465,000 $ 139,000
Brazos, Texas 1 $ 365,000 $ 365,000 $ 270,000
Burnet, Texas 1 $ 485,000 $ 485,000 $ 164,000
Cameron, Texas 1 $ 125,000 $ 125,000 $ 47,000
Ellis, Texas 1 $ 365,000 $ 365,000 $ 165,000
Fort Bend, Texas 1 $ 155,000 $ 155,000 $ 64,000
Hays, Texas 1 $ 325,000 $ 325,000 $ 110,000
Lubbock, Texas 1 $ 105,000 $ 105,000 $ 61,000
Nacogdoches, Texas 1 $ 105,000 $ 105,000 $ 39,000
Parker, Texas 1 $ 155,000 $ 155,000 $ 59,000
Tom Green, Texas 1 $ 145,000 $ 145,000 $ 106,000
Victoria, Texas 1 $ 205,000 $ 205,000 $ 83,000
Webb, Texas 1 $ 155,000 $ 155,000 $ 86,000
Davis, Utah 1 $ 195,000 $ 195,000 $ 55,000
Kane, Utah 1 $ 225,000 $ 225,000 $ 290,000
San Juan, Utah 1 $ 125,000 $ 125,000 $ 73,000
Tooele, Utah 1 $ 305,000 $ 305,000 $ 62,000
Washington, Utah 1 $ 205,000 $ 205,000 $ 507,000
Asotin, Washington 1 $ 155,000 $ 155,000 $ 96,000
Clark, Washington 1 $ 265,000 $ 265,000 $ 110,000
Franklin, Washington 1 $ 455,000 $ 455,000 $ 186,000
Kitsap, Washington 1 $ 355,000 $ 355,000 $ 214,000
Skagit, Washington 1 $ 405,000 $ 405,000 $ 146,000
Snohomish, Washington 1 $ 245,000 $ 245,000 $ 349,000
Spokane, Washington 1 $ 555,000 $ 555,000 $ 238,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2018

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 15,624 $3,528,440,000 $225,000 $10,005,000 $89,000 $4,620,000
Cash-out Refinancing 2,268 $504,290,000 $222,000 $2,505,000 $94,000 $3,990,000
Refinancing 1,383 $296,755,000 $214,000 $1,505,000 $85,000 $900,000
Home Improvement 260 $59,180,000 $227,000 $665,000 $87,000 $535,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 12,362 $2,990,030,000 $241,000 $2,505,000 $98,000 $3,990,000
Hispanic 5,232 $934,650,000 $178,000 $995,000 $64,000 $907,000
Black or African American 660 $159,180,000 $241,000 $10,005,000 $91,000 $4,620,000
Not Provided 550 $125,460,000 $228,000 $1,005,000 $103,000 $1,272,000
Asian 506 $130,310,000 $257,000 $1,605,000 $107,000 $1,716,000
American Indian or Alaskan Native 113 $23,435,000 $207,000 $505,000 $94,000 $1,312,000
Native Hawaiian or Other Pacific Islander 42 $10,090,000 $240,000 $595,000 $105,000 $442,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 11,877 $2,799,765,000 $235,000 $10,005,000 $102,000 $1,716,000
FHA-insured (Federal Housing Administration) 5,145 $963,535,000 $187,000 $805,000 $63,000 $4,620,000
VA-guaranteed (Veterans Administration) 2,199 $577,195,000 $262,000 $2,065,000 $87,000 $3,990,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 314 $48,170,000 $153,000 $415,000 $50,000 $105,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 11,545 $2,589,755,000 $224,000 $1,925,000 $89,000 $1,703,000
File Closed For Incompleteness 3,942 $882,450,000 $223,000 $2,505,000 $88,000 $3,990,000
Application Withdrawn By Applicant 3,161 $740,555,000 $234,000 $10,005,000 $94,000 $4,620,000
Application Denied By Financial Institution 886 $175,600,000 $198,000 $1,505,000 $79,000 $1,344,000
Application Approved But Not Accepted 1 $305,000 $305,000 $305,000 $108,000 $108,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 18,649 $4,213,065,000 $225,000 $10,005,000 $90,000 $4,620,000
Credit History 316 $60,580,000 $191,000 $1,205,000 $91,000 $1,344,000
Collateral 160 $30,750,000 $192,000 $1,125,000 $92,000 $924,000
Employment History 144 $29,850,000 $207,000 $955,000 $57,000 $314,000
Other 114 $25,210,000 $221,000 $1,505,000 $85,000 $600,000
Debt-To-Income Ratio 111 $21,945,000 $197,000 $715,000 $53,000 $210,000
Unverifiable Information 37 $6,595,000 $178,000 $355,000 $65,000 $164,000
Insufficient Cash (Downpayment, Closing Cost) 3 $555,000 $185,000 $255,000 $60,000 $79,000
Credit Application Incomplete 1 $115,000 $115,000 $115,000 $73,000 $73,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2018 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Nova Financial & Investment Corporation's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Arizona, download the full spreadsheet with aggregated HMDA statistics today.

Download the Arizona Lender List